Business and Economy

NNPC-CNL Joint Venture successfully drills the Meji NW-1 Well

Lagos, October 18, 2024: The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a near-field discovery…

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Naira among worst-performing currencies in Africa – World Bank Report

The Nigerian Naira is one of the weakest currencies in sub-Saharan Africa as of the end of August 2024, according…

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Nigeria’s $1trn economy achievable with key policies, says analyst

By Rukayat Adeyemi Lagos, Oct. 16, 2024 A financial analyst, Mr. Oluwaseyi Odufuwa, says Nigeria’s ambition to build a one-trillion…

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Sustainability: Dangote Cement commits to Carbon Emission education for business optimisation

.…Feeds vulnerable communities, empowers children, widows  As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote…

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Transcorp Power Plc reports strong Q3 2024 performance, with 153% revenue growth, 198% increase in profits

Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter…

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Why we listed N4.34bn shares on NGX – Aradel Holdings; Listing lifts market capitalisation up by N3.42bn 

By Rukayat Adeyemi Lagos, Oct. 14, 2024 Aradel Holdings Plc, on Monday, said it listed on the Main Board of…

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Abia Govt begins disbursement of interest-free loans to 302 farmers

By Ihechinyere Chigemeri-Uwom Umuahia,Oct. 14, 2024 The Abia State Government says it has commenced the  disbursement of interest-free loans to…

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Air Peace reacts to report of  charges against CEO in U.S.

By Itohan Abara-Laserian Lagos, Oct. 13, 2024 Air Peace has reacted to a report of fraud charge by the U.S.…

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NGX suspends trading of Transcorp shares, investors gain N46bn 

By Rukayat Adeyemi Lagos, Oct. 12, 2024 The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational…

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Huawei disrupts smartphone globally with revolutionary Mate XT; Delivers exclusive samples to Chairman  of Zinox- Konga  Group, Mr. Leo Stan Ekeh

Huawei, a global technology leader, has introduced a revolutionary new masterpiece to its smartphone lineup—the HUAWEI Mate XT. This groundbreaking…

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Cardoso champions We-Fi Code declaration for women entrepreneurs

ABUJA The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged stakeholders in the financial ecosystem…

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Presidential directives on Nigerian Content has shortened contracting cycle, eliminated middlemen -NCDMB

The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it has eliminated middlemen from the oil and…

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CBN is serious about fair, efficient markets – Cardoso

LAGOS The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to…

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Afreximbank joins Africa Collective, African Continental Free Trade Area as Host Partner at Davos 2025

DAVOS, Switzerland Africa Collective and the African Continental Free Trade Area (AfCFTA) Secretariat are happy to announce African Export-Import Bank…

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CBN sells US$543.5 million to Authorized Dealer banks in September

The Central Bank of Nigeria (CBN) has sold a total of US$543.5 million (Five Hundred and Forty-Three Million, Five Hundred…

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CBN introduces electronic foreign exchange matching system to curb speculation

CBN Governor, Yemi Cardoso By Kadiri Abdulrahman Abuja, Oct. 3, 2024 The Central Bank of Nigeria (CBN), has announced the…

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Naira depreciates by 8.24% against dollar at official market 

By Grace Alegba Lagos, Oct. 2, 2024 The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to…

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Nigeria at 64: Chevron Nigeria partners Nigeria for socio-economic development

As Nigeria celebrates her 64th independence anniversary, Chevron is proud of its partnerships and role in developing its natural resources.…

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Shell appoints new MD for subsidiary

By Yunus Yusuf Lagos, Oct. 1, 2024 Shell has appointed Mr. Ronald Adams as the new managing director of its…

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CBN Governor Cardoso champions Africa’s voice at Bretton Woods 80th Anniversary Forum

ABUJA The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton…

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